EasyJet: UBS remains positive after quarterly results

(CercleFinance.com) - UBS confirms its 'buy' rating on easyJet shares, along with its target price of 820 pence, which gives 61% upside potential, the day after the British airline's quarterly publication.


"1Q24 losses and 1H24 guidance is better than expected and we expect the shares will be supported by the results", the broker says.

UBS adjusts its forecasts for the low-cost airline after its trading update, resulting in around 6% and 4% increases in estimated EPS for 2024 and 2025 respectively.


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